Targa Resources Corp. (TRGP)

NYSE: TRGP · IEX Real-Time Price · USD
72.03
-3.16 (-4.20%)
Dec 5, 2022 3:40 PM EST - Market open
-4.2%
Market Cap 16.97B
Revenue (ttm) 21.82B
Net Income (ttm) 243.50M
Shares Out 226.60M
EPS (ttm) 1.05
PE Ratio 68.53
Forward PE 15.75
Dividend $1.40 (1.95%)
Ex-Dividend Date Oct 28, 2022
Volume 1,063,698
Open 75.98
Previous Close 75.19
Day's Range 71.51 - 76.07
52-Week Range 47.57 - 81.5
Beta 2.33
Analysts Buy
Price Target 95.77 (+33.1%)
Earnings Date Nov 3, 2022

About TRGP

Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of midstream energy assets in North America. The company operates in two segments, Gathering and Processing, and Logistics and Transportation. It engages in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering,... [Read more]

Industry Oil, Gas & Consumable Fuels
IPO Date Dec 7, 2010
CEO Matthew Meloy
Employees 2,430
Stock Exchange NYSE
Ticker Symbol TRGP
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 25 analysts, the average rating for TRGP stock is "Buy." The 12-month stock price forecast is 95.77, which is an increase of 33.09% from the latest price.

Price Target
$95.77
(33.09% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Targa Resources Corp. to Participate in RBC Capital Markets Midstream and Energy Infrastructure Conference

HOUSTON, Nov. 14, 2022 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate in investor meetings at th...

2 weeks ago - GlobeNewsWire

4 Solid Stocks to Play the Refining & Marketing MLP Industry

With refining margins remaining extremely healthy, the Zacks Oil and Gas - Refining & Marketing MLP operators like TRGP, CLMT, GLP and NGL should continue to enjoy upside momentum.

Other symbols: CLMTGLPNGL
3 weeks ago - Zacks Investment Research

Targa (TRGP) Stock Rises 4% Despite Q3 Earnings & Sales Lag

Targa (TRGP) shares rise 4.2% despite its third-quarter earnings and sales missing estimates.

3 weeks ago - Zacks Investment Research

Targa Resources Corp. Reports Third Quarter 2022 Financial Results

HOUSTON, Nov. 03, 2022 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“TRGP,” the “Company” or “Targa”) today reported third quarter 2022 results.

1 month ago - GlobeNewsWire

These Energy Stocks Are Making Strides to Prevent Their Extinction

Energy companies are increasingly looking to make fossil fuel production more sustainable.

Other symbols: AQNCVXETNEEPXDWMB
1 month ago - The Motley Fool

Why Fast-paced Mover Targa Resources, Inc. (TRGP) Is a Great Choice for Value Investors

Targa Resources, Inc. (TRGP) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are ...

1 month ago - Zacks Investment Research

Targa Resources Corp. Announces Quarterly Dividend and Timing of Third Quarter 2022 Earnings Webcast

HOUSTON, Oct. 13, 2022 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced its quarterly dividend on common shares with respect to the third quarter of 2022.

1 month ago - GlobeNewsWire

Top 5 Large-Cap Stocks Flying High YTD in Terrible 2022

We have narrowed our search to five large-cap stocks that have popped more than 20% year to date. These are: DINO, ENPH, LPLA, SWAV and TRGP.

Other symbols: DINOENPHLPLASWAV
1 month ago - Zacks Investment Research

10 energy stocks that are analysts' favorites as OPEC makes oil-production cuts

The OPEC+ group of oil-producing countries has agreed on a drastic cut to the global supply. The speculation has helped oil reverse its recent declines.

2 months ago - Market Watch

5 Stocks to Buy for October After a Dreadful September

We have narrowed our search to five U.S. corporates that have strong growth potential for the rest of 2022. These are: BLDR, BJ, DINO, CHK, TRGP.

Other symbols: BJBLDRCHKDINO
2 months ago - Zacks Investment Research

New Strong Buy Stocks for October 4th

CHS, PUMP, TRGP, EC, and RWEOY have been added to the Zacks Rank #1 (Strong Buy) List on October 4, 2022.

Other symbols: CHSECPUMP
2 months ago - Zacks Investment Research

Targa Resources Corp. Releases Sustainability Report

HOUSTON, Oct. 03, 2022 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that its Sustainability Report for 2021 is now available on the Company's website...

2 months ago - GlobeNewsWire

Targa Resources Corp. to Participate in Wolfe Research Utilities, Midstream & Clean Energy Conference

HOUSTON, Sept. 29, 2022 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate in investor meetings via ...

2 months ago - GlobeNewsWire

7 Top-Quality Stocks to Buy Before Q4

Quality stocks to buy can be hard to find as economic uncertainty prevails. The Federal Reserve is raising interest rates again, this time by another three-quarters of a percentage point.

2 months ago - InvestorPlace

Fast-paced Momentum Stock Targa Resources, Inc. (TRGP) Is Still Trading at a Bargain

Targa Resources, Inc. (TRGP) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several st...

2 months ago - Zacks Investment Research

5 High Earnings Yield Value Picks to Counter a Dicey September

In what is historically viewed as the worst month for the stock markets, stay safe by investing in high earnings yield value companies like ALB, WCC, STNG, EWBC and TRGP.

Other symbols: ALBEWBCSTNGWCC
2 months ago - Zacks Investment Research

Targa Resources Corp. to Participate in Investor Conferences

HOUSTON, Sept. 06, 2022 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate in investor meetings at t...

2 months ago - GlobeNewsWire

How Much Upside is Left in Targa Resources, Inc. (TRGP)? Wall Street Analysts Think 26%

The average of price targets set by Wall Street analysts indicates a potential upside of 26.2% in Targa Resources, Inc. (TRGP). While the effectiveness of this highly sought-after metric is questionable...

3 months ago - Zacks Investment Research

Targa (TRGP) Stock Shines SInce Q2 Earnings Beat: Here's Why

Targa Resources (TRGP) paid out a dividend of 35 cents per share, while adjusted free cash flow rose 30.5% from the second quarter of 2021 to $334.1 million.

3 months ago - Zacks Investment Research

Targa Resources, Inc. (TRGP) Is Attractively Priced Despite Fast-paced Momentum

Targa Resources, Inc. (TRGP) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are ...

3 months ago - Zacks Investment Research

Wall Street Analysts Think Targa Resources, Inc. (TRGP) Could Surge 35%: Read This Before Placing a Bet

The average of price targets set by Wall Street analysts indicates a potential upside of 35.5% in Targa Resources, Inc. (TRGP). While the effectiveness of this highly sought-after metric is questionable...

3 months ago - Zacks Investment Research

3 Stocks to Leverage Strong Refining & Marketing MLP Fundamentals

With refining margins on a tear, the Zacks Oil and Gas - Refining & Marketing MLP operators like TRGP, CLMT and GLP should enjoy plenty of upside momentum.

Other symbols: CLMTGLP
3 months ago - Zacks Investment Research

Targa Resources Corp. Reports Second Quarter 2022 Financial Results and Increases Full Year 2022 Financial Outlook

HOUSTON, Aug. 04, 2022 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“TRGP,” the “Company” or “Targa”) today reported second quarter 2022 results.

4 months ago - GlobeNewsWire

Strong Permian Outlook Favorable for Midstream

Summary The Permian's abundant resources, favorable economics, established infrastructure, and relative proximity to end markets will result in continued volume growth. While some of the largest public ...

Other symbols: CEQPDCPEPD
4 months ago - ETF Trends

Targa Resources Corp. Completes Acquisition of Lucid Energy

HOUSTON, July 29, 2022 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“Targa” or the “Company”) announced today that one of its wholly-owned subsidiaries has completed the previously announced ...

4 months ago - GlobeNewsWire